Stock Movers

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Griefeld, Carol Massar and Emily Graffeo.

- Mission Produce (AVO) shares jumped as much as 13% on Tuesday, the most intraday since December 2024, after the avocado supplier said fruit supply has “normalized” and per unit margins are recovering after an unusually high avocado supply environment during the second quarter. The company also reported revenue for the second quarter that exceeded expectations.

- SailPoint (SAIL) shares are down 13% in premarket trading, after the software company reported its first-quarter results and gave an outlook. The report showed stronger-than-expected revenue, and the full-year forecast was raised on key metrics, but it may not have been robust enough to extend recent strength in the stock, which is up nearly 70% off an April low, as of last close.

- Major US technology and internet stocks fell on Tuesday, plunging in a broad-based selloff that was the latest example of heavy volatility in the sector. Chip maker Marvell Technology (MRVL) dropped 11%, having rallied 9.6% the previous session on the news that it would join the S&P 500 later this month. Among notable movers: Nvidia -3.9%, AMD -9.9%, Intel -9.1%, Arm -13%, Micron -9.3%, US-listed shares of TSMC -4.7%

See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market, a look at the notable movers:

On this episode of Stock Movers:
-JM Smucker (SJM) shares rise 4.8% ahead of the bell after organic sales and adjusted EPS beat expectations for the fourth quarter. The midpoint of the initial fiscal 2027 adjusted EPS range forecast is above consensus. In prepared remarks, the company said it expects the board to maintain the current dividend policy, which is to return approximately 40% to 45% of its annual adjusted earnings per share to shareholders, reflecting dividend growth consistent with future earnings.

-SailPoint (SAIL) shares are down 13% in premarket trading, after the software company reported its first-quarter results and gave an outlook. The report showed stronger-than-expected revenue, and the full-year forecast was raised on key metrics, but it may not have been robust enough to extend recent strength in the stock, which is up nearly 70% off an April low, as of last close.

- Shares of Nuvalent (NUVL) rose sharply in pre-market trading after GSK agreed to acquire the company in a deal valued at $10.6 billion (7.9 billion pounds). GSK will pay $124 per share in cash, a 40% premium over Nuvalent's closing share price on Monday. Nuvalent (NUVL) is up 39%

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

-JM Smucker (SJM) shares gain. The company plans to lower coffee prices next year as the cost comes down. The company expected net sales to decline next year between 3% and 4% when it reduces prices, as it passes through lower costs on green coffee to consumers.

-Sandisk (SNDK) shares rise. Mizuho Securities and BofA Securities raised their price targets for Sandisk stock to $2,200 and $2,100, respectively.

-Apple (AAPL) shares drop. Apple Inc. said it isn’t able to launch Siri AI on iPhones, Apple Watches or iPads in the European Union due to a standoff with the continent’s antitrust watchdog.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

-Vail Resorts (MTN) shares drop after the ski resort operator cut its net income guidance for the full year, attributing the reduction to “historically challenging” weather conditions in the western US. The guidance missed the average analyst estimate.

-United Natural Foods (UNFI) shares fall after the grocery wholesaler lowered the top end of its guidance, though ultimately maintaining the midpoint, while third-quarter adjusted EPS narrowly beat, and net sales saw a modest shortfall. 

-Applied Digital (APLD) shares rise after the neocloud company said it signed a 15-year take-or-pay lease with a US-based artificial intelligence hyperscaler, for 210 megawatts of critical IT load at its Delta Forge 2 campus.

See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Nuvalent (NUVL) shares are higher on news GSK agreed to buy Nuvalent for $10.6 billion, securing a US biotech firm developing treatments for lung cancer.
- JM Smucker (SJM) shares are on the move after it posted fourth-quarter profits that beat Wall Street expectations as higher prices helped boost the packaged food company.
- Vail Resorts (MTN) is dropping after the ski resort operator cut its net income guidance for the full year, attributing the reduction to “historically challenging” weather conditions in the western US. The guidance missed the average analyst estimate.

See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:
- Nuvalent (NUVL) shares are higher on news GSK agreed to buy Nuvalent for $10.6 billion, securing a US biotech firm developing treatments for lung cancer.
- Apple (AAPL) shares are lower after the company detailed the latest generation of its AI platform, which is focused on its Siri digital assistant. The event received mixed reviews.
- Applied Digital (APLD) is rising on news of a 15-year hyperscaler lease deal at Delta Forge 2.
- Vail Reports (MTN) is dropping after the ski resort operator cut its net income guidance for the full year, attributing the reduction to “historically challenging” weather conditions in the western US. The guidance missed the average analyst estimate.
- Mission Produce (AVO) shares sank after the avocado supplier reported adjusted earnings per share for the second quarter that missed the average analyst estimate.

See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- GSK agreed to buy Nuvalent Inc. in a deal valued at $10.6 billion (7.9 billion pounds), adding a biotech firm that’s developing treatments for lung cancer as the British pharmaceutical company seeks to rebuild its oncology franchise.
- Fever-Tree shares rise as much 8.2% to the highest in a month after the company said it was on track to meet expectations and extended its buyback program.
- Seraphim Space Investment Trust shares rise as much as 26%, their biggest jump in almost three years, after the fund said the fair value of Iceye, its largest holding, had doubled after a funding round. Shares of Molten Ventures, which also invests in Iceye, gain as much as 12%.

See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- WPP gains 4.7% on new buy rating from Berenberg. Berenberg initiated coverage of WPP with a recommendation of buy. Their price target was set to 405 pence, implying a 54% increase from last price
- GSK agreed to buy Nuvalent Inc. in a deal valued at $10.6 billion (7.9 billion pounds), adding a biotech firm that’s developing treatments for lung cancer as the British pharmaceutical company seeks to rebuild its oncology franchise.
- Italy’s Finance Minister Giancarlo Giorgetti indicated the government won’t interfere in any battle for control of Monte Paschi saying price will determine whether Banco BPM or Intesa Sanpaolo prevail.

See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market, a look at the notable movers:

On this episode of Stock Movers:
- Intel (INTC) shares rose after the Information reported that Alphabet Inc.'s Google will rely on it for more than 3 million specialized AI chips in 2028. Google decided to tap Intel to make some of its tensor processing units — TPUs for short — after months of testing the chipmaker’s technology, the Information said Monday, citing two unnamed sources.

- Mission Produce (AVO) swung to a loss and reported lower revenue in the fiscal second quarter due to low avocado prices and harvest delays. The company reported a loss and lower revenue, but volumes grew and supply conditions have improved with better pricing and margins since the second quarter.

- Tango Therapeutics (TNGX) jumped as much as 48% after initial results of a study showed a combination of its drug and a Revolution Medicines Inc. medicine shrunk tumors in advanced pancreatic cancer patients. Tumor size decreased significantly in 11 of 12 pancreatic cancer patients who received the two-drug combination, Tango said in a statement Monday. The data includes two people whose responses had not yet been confirmed by a second scan. The biotech company said that it plans to begin a final stage trial combining its drug, vopimetostat, with Revolution’s daraxonrasib for the initial treatment of advanced pancreatic cancer.

See omnystudio.com/listener for privacy information.

Today's biggest winners and losers in the stock market.

On this episode of Stock Movers:
Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Griefeld, Carol Massar and Tim Stenovec.

- Sportradar (SRAD) shares jump as much as 11% on Monday, the most intraday since April 2025, after the sports technology company announced a multi-year global agreement with Kalshi to provide sports data for the prediction market platform.

- Campbell’s (CPB) shares are down 1.1%, reversing a premarket gain, after the canned soup maker said during its conference call that it expects an additional 2% to 3% of inflation for next year should oil remain around $100 a barrel. BNP Paribas says there’s little in today’s commentary that could excite investors.

- Shares of Ensign Group (ENSG), which operates nursing homes and rehab clinics, fall as much as 7.4%, the most since February 2025, following a report from Hunterbrook Media.

See omnystudio.com/listener for privacy information.